Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares

Posted by MarketBeat News on Jan 3rd, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $36.52, for a total value of $36,520.00. Following the completion of the sale, the chief executive officer now owns 258,006 shares in the company, valued at approximately $9,422,379.12. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

J Heath Deneke also recently made the following trade(s):

On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total value of $37,490.00.
On Thursday, December 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.19, for a total transaction of $36,190.00.
On Monday, December 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $34.94, for a total transaction of $34,940.00.
On Friday, December 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.97, for a total transaction of $34,970.00.
On Wednesday, December 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.18, for a total transaction of $35,180.00.
On Monday, December 16th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.18, for a total value of $35,180.00.
On Friday, December 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.95, for a total value of $35,950.00.
On Wednesday, December 11th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.09, for a total value of $37,090.00.
On Monday, December 9th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.22, for a total value of $37,220.00.
On Friday, December 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.78, for a total value of $37,780.00.

Summit Midstream Trading Up 0.1 %

Shares of NYSE SMC opened at $37.81 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50-day simple moving average of $36.09. Summit Midstream Corporation has a 52 week low of $15.56 and a 52 week high of $40.75. The firm has a market cap of $402.64 million, a PE ratio of -2.95 and a beta of 2.39.

Institutional Trading of Summit Midstream

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Several large investors have recently modified their holdings of SMC. Virtus Fund Advisers LLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth approximately $3,794,000. Geode Capital Management LLC purchased a new position in Summit Midstream during the third quarter worth $3,313,000. Fractal Investments LLC acquired a new position in shares of Summit Midstream in the third quarter worth $1,576,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream in the third quarter valued at $1,311,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Summit Midstream during the third quarter valued at $529,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

About Summit Midstream

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Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.